Quote from: Relonage on October 26, 2023, 07:07:29 AM

According to the latest data from 8marketcap, Bitcoin's market capitalization has surpassed that of Tesla, now ranking as the 11th largest global asset by market value. Bitcoin's market capitalization is approximately $676.6 billion with a 14.13% increase in the past 24 hours, while Tesla's market capitalization stands at around $673.1 billion with a 0.04% increase in the same period. This sounds crazy.

Nothing crazy here, though i personally feel that it is actually too early to begin to do such a comparison, for there is a high chance that the market cap of tesla will still turnaround to surpass that of bitcoin when the price of bitcoin drops a bit as a means of correction, since i see that the number with which Bitcoin's market cap surpassed that if tesla is not much or significant.

But the Goodnews in this term is that, there is actually no competition between tesla and bitcoin, anybody with a properly working brains would know that in the near future, Bitcoin will be sitting among the top 5 assets with the most market capitalization globally, tesla cannot compete with bitcoin in this regard, this is very certain and not a thing to be surprised about.